The IMF's first deputy managing director, John Lipsky, warned on Saturday that the United States must start down a budget deficit-cutting path relatively soon or face crushing debt service costs as interest rates rise.
"Time's a-wasting. It is critical to lay out the basis for credible medium-term fiscal adjustment," he said at the annual American Economics Association conference.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
